TCS Salary Hike: TCS Gave A Gift To The Employees By Increasing The Salary, The Best Performer Got A Salary Hike Of Up To 15%

TCS Rolls Out Salary Hikes: Veteran IT company Tata Consultancy Services has announced that it has increased the salaries of its employees. Despite the slowdown in the IT sector due to the global economic crisis, TCS has increased the annual salary of its employees from April 1, 2023.

During the announcement of the first quarter results, TCS CFO Sameer Saksaria said that from April 1, 2023, the company has increased the annual salary of the employees. He said that the impact of 200 basis points on 23.2 per cent of operating margin due to salary increase is being seen. Milling Lakkar of TCS said the company has given top performers a pay hike of 12 to 15 percent. Apart from this, promotion has also been given.

TCS added 523 new employees during the first quarter of April to June. The company said the attrition rate has come down. This means that the number of people resigning from the company has decreased. By June 30, 2023, the number of employees of TCS has increased to 6,15,318. Due to the global crisis and slowdown in the IT sector, there is a decline in recruitment.

The company said that TCS employs nationals from 154 countries as a workforce, of which 35.8 percent are women. Milind Lakkar said that our focus is on developing, retaining and rewarding the best talent. He said that 55 percent of employees are now coming to the office three days a week.

There is news of salary increase in TCS, while earlier some media reports said that another IT giant Infosys has postponed the decision on salary increase. The IT sector is believed to be the result of the global crisis.

Tata Consultancy Services (TCS), the country’s largest IT company, has announced its quarterly results for the financial year 2023-24. The company’s profit has jumped by 17 percent. The net profit of the company between April and June quarter has been Rs 11,074 crore. While the company’s income is Rs. 59,381 crore, which is 13 percent higher than the same quarter last year. Along with the announcement of the results of TCS, the announcement of the results of listed companies in the stock market has started.